|Bid||92.15 x 500|
|Ask||92.30 x 500|
|Day's Range||95.64 - 96.36|
|52 Week Range||83.35 - 100.10|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.60%|
Investors on Wednesday jumped into gold and other precious metals, along with commodity-related ETFs, as markets continue to worry that the Fed will raise interest rates higher than initially anticipated on the back of the Labor Department's January consumer price index.
The North American Trade Agreement, also known as NAFTA, may crumble if a deal between the three member countries is not reached in the coming months. Combined with the U.S. government shutdown, the NAFTA debacle put pressure on the U.S. dollar, which took first place in the list. Canada took second place in the list as the nation’s central bank raised interest rates. Platinum has been on a tear lately, taking third place, while consumer discretionary equities and South Korea close out the list. Check out our previous trends edition at Trending: Bonds Under Pressure as Investors Move to Equities.
This article was originally published on ETF Trends.com. At a time when the precious metal is surging, investors have a new way to access platinum via ETFs. The GraniteShares Platinum Trust (NYSEARCA: ...
When analyzing platinum markets, it's important to compare the metal's performance with that of gold, which is the most crucial of the precious metals.
All four precious metals had an up day on December 20, 2017. Gold increased 0.43% on the day and closed at $1,267.80 per ounce.
In this article, we'll discuss the gold-silver, gold-platinum, and gold-palladium spreads. These three spreads stand at 77.9, 1.38, and 1.23, respectively.
All four precious metals except palladium witnessed an up day on December 18, 2017. Platinum touched the day's high of $915.3 and ended up at $913.2 per ounce.
The gold-platinum spread was ~1.38 on October 23. The RSI (relative strength index) level for the gold-platinum spread is now at 93.9.
Traders have taken a shine to palladium and platinum, along with related ETFs, as rising industrial demand in a growing global economy help support prices. Among the largest contributors of industrial ...
When reading the platinum market, it's important to look at the relative performance of platinum and gold by using the gold-platinum ratio.